Dow futures rise 85 pts; bullish Nvidia guidance boosts sentiment
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Citi doubles price target on Carvana (CVNA) following 4Q
February 27, 2023 7:41 AM ESTCiti reiterated a Neutral rating on Carvana (NYSE: CVNA) and doubled their price target on the stock to $11.00 (From $5.50) after the company reported 4Q earnings results last week.
Carvana reported 4Q22 revenue 8% below consensus as retail unit sales declined 23% Y/Y and adj. EBITDA loss of $(291M) versus consensus of $(203M). Analyst, Ronald Josey wrote in a note... More
Carvana (CVNA) PT Lowered to $10 at Deutsche Bank, 'Still in early stage of path to profitability'
February 24, 2023 6:16 AM ESTDeutsche Bank analyst Emmanuel Rosner lowered the price target on Carvana (NYSE: CVNA) to $10.00 (from $16.00) while maintaining a Hold rating.
The analyst comments "Carvanas soft 4Q performance largely reflected the near-term challenges associated with the waning macro backdrop, with volumes declining again... More
Piper Sandler Positive on Bath & Body Works Inc. (BBWI): 'we continue to view risk/reward as favorable'
February 23, 2023 1:03 PM ESTPiper Sandler analyst Korinne Wolfmeyer reiterated an Overweight rating and $52.00 price target on Bath & Body Works Inc. (NYSE: BBWI).
The analyst comments "We continue to rate BBWI OW and reiterate our $52 PT following the Q4 earnings call this morning. Results were better than... More
Lucid Group (LCID) plunges on revenue miss and disappointing 2023 production guidance
February 23, 2023 9:15 AM ESTLucid Group (NASDAQ: LCID) shares plunged Thursday following its latest earnings release, which revealed demand fell during the quarter.
The electric vehicle maker topped earnings expectations, reporting a loss per share of $0.28, $0.14 better than the analyst estimate of a loss of $0.42 per share.
However, revenue missed expectations by a wide margin, coming in at $257.7 million versus the... More
Credit Suisse on NVIDIA (NVDA) Following Management Interview: 'we think investors will pay the premium multiple'
February 23, 2023 8:33 AM ESTCredit Suisse analyst Chris Caso reiterated an Outperform rating and $275.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "We feel this earnings report was favorable, because we did get some degree of the datacenter weakness that most were expecting but... More
Bath & Body Works (BBWI) shares slide after guidance disappoints
February 23, 2023 8:05 AM ESTBath & Body Works, Inc. (NYSE: BBWI) shares are down over 5% premarket Thursday as the company topped earnings expectations, but guidance disappointed investors.
The retailer posted fourth-quarter earnings of $1.86 per share, $0.26 better than the analyst estimate of $1.60, while revenue for the quarter came in at... More
